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The following transactions took place during the month of January: Jan 1 Beginning Inventory 25 units at $10 Jan 4 Purchase 35 units at $11

The following transactions took place during the month of January: Jan 1 Beginning Inventory 25 units at $10

Jan 4 Purchase 35 units at $11

Jan 8 Sale 30 units at $17 Jan 15 Purchase 40 units at $12

January 20 Sale 35 units at $20

January 25 Sale 15 units at $20

Calculate Gross Profit, COMS, and Ending Inventory for the month of January under FIFO and LIFO

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